News

Note: This section contains information in English only.
Fri, 02 Aug 2019 09:43:40 GMT

Trump tariffs hit global stocks

On Friday, a decline in global stocks was attributed by financial media to Trump's waged Trade War. Despite that it should be noted that a sell off of global stocks began on Wednesday on the Federal Reserve announcement.

Fri, 02 Aug 2019 09:36:51 GMT

AT&S results fall amid weaker automotive demand

AT&S, Austria's printed circuit board producer, reported its Q1 core profit dropped amid weaker demand from the automotive industry and smartphone makers, sending the company's shares down 3.9%.

Fri, 02 Aug 2019 08:38:26 GMT

South Korea aims to cross Japan off white list countries

South Korea is planning to take action to cross Japan off the white list countries that have fast-track export status in retaliation to the same move made earlier by Japan, the South Korean Finance Minister stated on Friday.

Fri, 02 Aug 2019 07:18:58 GMT

Boeing plans changes to 737 MAX jets' flight-control software

Boeing Co is planning to change the software of its 737 MAX aircraft flight-control system, seeking to address the flaw found after the June tests, sources close to the matter reported.

Fri, 02 Aug 2019 05:58:13 GMT

Morgan Stanley nears taking control of China banking JV

Morgan Stanley is moving closer to taking a majority stake in its China investment banking joint venture by acquiring 2% stake the bank needed for control, taking its total stake ownership to 49%.

Fri, 02 Aug 2019 04:48:02 GMT

Amazon chief Bezos cuts his stake in retail giant

Jeff Bezos, the founder of Amazon.com, has sold his shares worth $1.8B during the last days of July, cutting the stake value in the third most valuable group in the world to around $110B.

Fri, 02 Aug 2019 04:37:34 GMT

Foxconn considers sale of China display plant

Taiwan's Foxconn is considering to sell its $8.8B display panel plant based in China due to weaker demand for the product caused by intensifying US-Sino trade war, Reuters reported on Friday.

Fri, 02 Aug 2019 02:42:34 GMT

Pinterest raises revenue on new users

Pinterest raised the full-year forecast for sales and reported revenue above Wall Street's estimates, up 62% to $261M in the second quarter, as the company added 30% more users, causing a 12% rise in shares in extended trading.

Fri, 02 Aug 2019 02:38:27 GMT

GoPro updates revenue forecast

GoPro raised its revenue forecast from a 7% to 10% rise to between 9% and 12% increase for 2019, as the action camera producer bet on new product releases slated for this year and helping its shares reverse course to be traded 5% higher.

Thu, 01 Aug 2019 19:49:39 GMT

India starts first ultra-fast hyperloop

The government of India announced on Thursday that a ten billion valued ultra-fast hyperlopp project has been started in the state of Maharashtra.

Thu, 01 Aug 2019 18:45:24 GMT

BMW profits are hit by green vehicles

On Thursday, BMW announced a 20% decline in earnings, which was attributed to investments in electric and hybrid vehicles.

Thu, 01 Aug 2019 18:20:44 GMT

Search for head of IMF increases

It was announced on Thursday by Reuters that the European governments have allowed the UK to put forward a British candidate for the position of the head of the IMF.

Thu, 01 Aug 2019 16:56:53 GMT

General Motors beats profit estimates

On Thursday, General Motors announced better than forecast quarterly earnings, which were attributed to good pickup truck sales.

Thu, 01 Aug 2019 15:52:52 GMT

Bank of England cuts growth forecast

During its monetary policy announcement on Thursday, the Bank of England announced that it is decreasing its UK economic growth forecast.

Thu, 01 Aug 2019 14:40:08 GMT

Wall Street surges on open

On Thursday, the US stock markets started the day's trading session with a surge, which erased the previous day's Federal Reserve caused losses.

Thu, 01 Aug 2019 14:33:08 GMT

Verizon tops profit forecasts on subscribers surge

Verizon Communication topped its Q2 profit forecasts as the biggest US mobile carrier gained more monthly phone subscribers than estimated, the company reported on Thursday.

Thu, 01 Aug 2019 12:49:52 GMT

US initial jobless claims rise 8K last week

The number of applications for US unemployment benefits rose moderately 8K to 215K in the week ending July 27, beating analysts' estimates for a 212K surge from the previous upwardly revised 207K reading, according to the Labor Department.

Thu, 01 Aug 2019 12:28:29 GMT

Marathon Petroleum reports 5% surge in quarterly profit

On Thursday, the US refiner Marathon Petroleum reported its quarterly profit surged 5% to $1.11B, beating analysts' expectations, driven by more crude transportation via its pipelines and higher sales from the company's gas stations business.

Thu, 01 Aug 2019 11:36:18 GMT

UK watchdog fines KPMG £3.5M Mellon client audit

Britain's accounting watchdog has fined the accounting firm KPMG £3.5M for failing to conduct an audit of the BNY Mellon bank client accounts properly, another penalty imposed on KPMG for its poor performance.

Thu, 01 Aug 2019 09:59:47 GMT

Oil prices decline

On Thursday, oil prices were declining due to a sharp surge of the value of the US Dollar. Due to that reason a re-evaluation of all commodity prices was taking place.

Thu, 01 Aug 2019 09:34:26 GMT

Global food prices decline for second consecutive month

According to the UN food agency report published on Thursday, the global food prices declined for the second consecutive month in July after five months of gains in a row and tumbled by a slump in some dairy products, cereals and sugar.

Thu, 01 Aug 2019 08:34:29 GMT

Revolut rolls out free share trading in EU

On Thursday, Revolut, the digital finance business, is set to launch free share-trading service in Europe and the UK, seeking to expand its footprint in the brokerage-controlled market.

Thu, 01 Aug 2019 06:50:40 GMT

Beyond Meat's new offering to be priced at $160/share

Beyond Meat's secondary offering of 3.25M shares will be priced at $160 for a share, the US meat alternatives company stated on Wednesday, seeking to raise $40M in new capital, as it plans manufacturing facilities expansion.

Thu, 01 Aug 2019 06:39:37 GMT

LSE agrees to acquire Refinitiv for $27B

London Stock Exchange agreed to acquire the financial information company Refinitiv, the firm announced on Tuesday, signing a deal worth $27.0B that will turn the UK group into the market data giant.

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